SIE practice questionmediumMunicipal Bonds - Revenue Bonds
The main source of repayment for a municipal revenue bond is:
- AAd valorem taxes
- BIncome taxes
- CTolls, fees, or specific project revenues✓ Correct answer
- DState appropriations
Explanation
Why C — Tolls, fees, or specific project revenues
Revenue bonds are repaid exclusively from project or facility revenues like tolls or user fees. GO bonds are repaid from taxes; appropriations are not primary sources.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 1,867+ SIE questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Related Debt Securities questions